Wema Bank has won the ‘Best Overall Investor Relations’ award at the Nigerian Investor Value Award (NIVA).
Organised by BusinessDay, NIVA recognises the wonderful performance of the public companies creating value on the Nigerian Stock Exchange based on criteria including share price, dividend payments, sustainability, brand value, market leadership and business strategy against their peers in the past year under review.
The award was won on Saturday, May 14, 2022, at The Grand African Ballroom, Lagos Continental Hotel, Victoria Island, Lagos, where the grand ceremony was held.
Wema Bank was selected for the award by the Awards Review Committee and BusinessDay’s Research & Intelligence Unit for its commitment to the highest standards of disclosure, transparency and fairness in disseminating information to stakeholders, according to the organisers.
The impressive performance of the bank despite a challenging macro-economic environment in the past year under review during which its profits grew by 93.72% from N4.58 billion in 2020 to N8.87 billion in 2021, recording a profit margin of 9.71% in the same period was one of the reason the bank was chosen.
Funmilayo Falola, Head, Marketing Communications and Investor Relations, Wema Bank, commenting on the award, commended the organisers of the award for the recognition, stating that it was an affirmation of Wema Bank’s transparency and commitment to corporate governance and best practices.
“At Wema Bank, we believe in transparency, and timeliness in sharing relevant data with our stakeholders, including our earnings reports.
"We don’t sugar-coat things but are always upfront about the state of our business, even at the worst of times.
"This is why Wema Bank remains one of the most credible banks in the country,” she said.
In the 2021 financial year, the Bank was named ‘Most Innovative Digital Bank’ in Nigeria at the 2021 Digital Banker Africa Awards; ‘Most Outstanding Digital Bank Brand of the Year Award’ at the 2021 Brandcom Awards and KPMG ranked the bank among Customer Experience Leaders.
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